MTI Upgrades 2026 GDP Growth Forecast to 2.0–4.0 Per Cent

Growth accelerated to 6.9 per cent year on year in the fourth quarter of 2025, supported by strong performances in manufacturing, wholesale trade and finance & insurance. For the full year, Singapore’s economy expanded by 5.0 per cent, driven by robust AI-related demand in electronics and related sectors, even as consumer-facing segments such as food & beverage services remained subdued. Amid stronger-than-expected global momentum and sustained AI investment, the Ministry of Trade and Industry upgraded Singapore’s 2026 GDP growth forecast to 2.0 to 4.0 per cent, citing improved prospects for manufacturing and outward-oriented services despite ongoing geopolitical and trade risks.

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